Sacoven PLC Update on cautionary announcements (5526V)
April 19 2016 - 1:00AM
UK Regulatory
TIDMSCN
RNS Number : 5526V
Sacoven PLC
19 April 2016
Sacoven Plc
(Incorporated in Jersey under the Companies (Jersey) Law
1991)
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISN: JE00B7YH8W36
(the "Company")
Further renewal and withdrawal of additional cautionary
announcement
Sacoven Shareholders ("Shareholders") are referred to the
cautionary announcements dated 25 November 2015 and 08 March 2016
("Cautionary Announcements"). Shareholders are advised that the
Company is still in discussions with respect to the potential
acquisition of a Fast Moving Consumer Goods business located in
Africa, where such acquisition will only be capable of
implementation during the first half of 2016. Shareholders are
advised that the negotiations referred to in this Cautionary
Announcement are on-going and, as such, Shareholders are advised to
continue to exercise caution until a full announcement is made.
Shareholders are also advised that negotiations have been
terminated with regards to the alternative transaction first
announced on 8 March 2016 and the contents referred to therein have
ceased to have any relevance or effect on the company, caution is
no longer required to be exercised relating to this additional
cautionary.
19 April 2016
JSE Sponsor
KPMG Services Proprietary Limited
AIM Nomad and Broker
Liberum Capital Limited
Clayton Bush / Christopher Britton
Tel: +44 (0) 20 3100 2000
For further information please visit the Company's website
www.sacoven.com
Niall McCallum +44 (0) 1534 823000
This information is provided by RNS
The company news service from the London Stock Exchange
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